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Gbpusdbuy

H&S pattern paved way to the bear-Lower Trendline support aheadGBPUSD Because of the strong dollar the cable has felled to the one week low while i am typing this analysis. As it faces major rejection around 1.37400 level and the upper side of the trend line was also acting as barrier for the bullish run and we can see a Head and shoulder pattern around 1.37400 level we can expect further downside momentum towards the lower side of the trend line. And in volume profile analysis point of control will act as support for the bull. If the lower side of the trednline was broken then we can expect further downside fall towards 1.35000 . We can open suitable buy limit around 1.35800 and the swing target would be 1.37400 and stop lose ay place below 1.35300
Long
by forexorbit
GBP/USD Multi-Timeframe analysis (Update)Hi Traders GBP/USD Multi-Timeframe analysis (Update) H1 CHART (BULLISH) A very high probability, entry signal to go LONG was given at 1.40910 after the market found support at 1.40514 . Only the downward break of 1.40514 would cancel the bullish scenario. Support & Resistances 1.40506 1.40967 1.39797 1.41225 1.39259 1.41663 H4 CHART (BULLISH) Target 1 at 1.40229 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 1.38780 . Provided the market conditions will remain the same Target 2 will be reached soon. Support & Resistances 1.38283 1.38650 1.37748 1.38761 1.35644 1.39507 DAILY CHART (BULLISH) Waiting for a retracement lower towards the 1.37027 support level, in order to reinstate LONG positions. Next important support is the 1.36234 level. Support & Resistances 1.37027 1.40351 1.36234 1.41053 1.35378 1.45180 WEEKLY CHART (BULLISH) Waiting for a retracement lower towards the 1.34812 support level, in order to reinstate LONG positions. Next important support is the 1.30112 level. Support & Resistances 1.34812 1.40351 1.30112 1.47642 1.26743 1.60794
Long
by Avramis
1
GBP/USD Multi-Timeframe analysisH1 CHART Waiting for a retracement lower towards the 1.38945 support level, in order to reinstate LONG positions. Next important support is the 1.38761 level. Support & Resistances 1.38945 1.39181 1.38761 1.39354 1.38388 1.39507 H4 CHART A high probability, entry signal to go LONG was given at 1.38780 after the market found support at 1.38264 . Only the downward break of 1.38264 would cancel the bullish scenario. Support & Resistances 1.38283 1.38650 1.37748 1.38761 1.35644 1.39507 DAILY CHART Waiting for a retracement lower towards the 1.37027 support level, in order to reinstate LONG positions. Next important support is the 1.36234 level. Support & Resistances 1.37027 1.39507 1.36234 1.41053 1.35378 1.45180 WEEKLY CHART Waiting for a retracement lower towards the 1.34812 support level, in order to reinstate LONG positions. Next important support is the 1.30112 level. Support & Resistances 1.34812 1.39573 1.30112 1.47642 1.26743 1.60794
Long
by Avramis
1
GBP/USD Correction Offers Another Long OpportunityThe GBP is correcting across most pairs, this offers the chance to add long positions or enter longs if not already in them. I marked out 1.37948 on this previously as a possible area of resistance and it has pulled back just short of here. I have marked out the lower trendline as the area to look to add long positions. I expect the downward move to slow down now so I do not think it will drop further than the previous low of 1.35200 (marked by orange dot), but we need to wait for confirmation before entering more longs. My TP has not changed from the previous idea - 1.40
Long
by olly48
GBP/USD BUY IDEAHey tradomaniacs, welcome to another free trading-setup. Notice: This is mean to be a preparation for you! as always we will have to wait for a confirmation! GBP/USD: Daytrade-Preparation Market-Buy: 1,36590 Stop-Loss: 1,36270 Point Of Risk-Reduction: 1,36850 Take-Profit: 1,37300 Stop-Loss: 32 pips Risk: 0,5% - 1% Risk-Reward: 2,20 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me!
Long
by Trading2ez
7